OOIL Updates Shareholders with BIG Developments Underway

This morning OriginOil CEO Riggs Eckelberry released an update discussing everything that the company has been doing for the past several weeks in addition to what it has in store:

 

Processing California’s Frack Water

From: Riggs Eckelberry
Los Angeles, June 30, 2014

Good morning!

Proving it in the Monterey Formation

Here’s our VP of Engineering Lee Portillo at a site that is processing frack water from California’s Monterey Formation.

You’re looking at the famous OriginOil Single Step Extraction™ reactor tubes.

This demo system is designed to process up to 1500 barrels per day to demonstrate our capabilities!

Initial results from this site are very encouraging and we expect to tell you more about it very soon…

CEOupdate-Lee

Targeting Fortune 50 Companies

Last week, Memphis, Tennessee based E3 Services and Solutions joined our growing group of licensees.

This is a great, dynamic company with relationships that stretch into “Fortune 50″ oil industry companies.

Obviously, this is a great opportunity to showcase our technology in the “Big Time”…

Welcome E3!

Fracking outside the USA

The boom in hydraulic fracturing (“fracking”) is an American one.

Other countries are trying, too.

  • Japan launched its first commercial production of shale oil in April.
  • Germany is preparing regulations to begin fracking.
  • England has proposed making it easier to drill under private lands without permission.
  • China’s fracking revolution could reduce its gas imports by up to 40 percent by 2020.

Sure enough, last week we shipped a small test unit to a multinational company with fracking operations in China.

Here’s our own Jim Galicia putting the unit through its paces to make sure it works perfectly on arrival…

CEOupdate-Jim

More news on the way — have a great week!

 

Riggs and Team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Read more: http://www.originoil.com/ceos-update/processing-californias-frack-water#ixzz3691yTuhC

 

 

 

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Dislcaimer:

Don’t ever invest based on what I say.  Do your own research and consult with a licensed profession before investing.  Any statements and opinions given are amateur and biased and should be treated as such.  Past performance does not indicate future performance in any way.  The performance of all alerts uncompensated and compensated in no way predict the performance of current and/or upcoming alerts.  Check the latest SEC filings before investing, and research other information on the risks of investing in microcap companies at www.sec.gov.  For important information concerning this email, including applicable disclaimers, compensation consideration, and additional information please make sure to read the information contained within. INSConsulting has been compensated a total of fifty five thousand dollars by the company for investor relations services. To view our full disclaimer, click HERE.

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